Mihaylo - Department of Accounting Spring 2012
ACCOUNTING Spring 2012
Mihaylo College of Business and Economics Cal State Fullerton
From the Chair . . .
Dear Alumni and Friends: The accounting programs at Cal State Fuller- nationally and internationally.
ton remain the first choice for many students, With such an outstanding group of students and
locally, nationally, and internationally because faculty, and with continued generous support
Spring semester has been very productive of the quality of instruction, resources, and
for faculty and exciting and rewarding for from loyal alumni and the community, the fu-
commitment to student success. Therefore, we ture of accounting education at Cal State Fuller-
students. This academic year has been one are fortunate to attract quality students, and
of the most successful periods for the accep- ton is indeed exciting and promising.
our dual accreditation assures a cutting edge
tance of faculty research for publication in accounting curriculum and highly qualified
highly respected academic and practitioner faculty. The Spring Department of Account-
journals. Our students experienced new ing enrollment highlights are:
methods of delivery in some classes. The
Principles classes are in the second semester
1,100 undergraduate accounting majors
in the third and fourth year.
New KPMG Professorship
of combining classroom lectures with small 150 undergraduate students in our joint
group case sessions. This new design in- The Department of Accounting is pleased to
emphasis programs with Finance and
creases the students’ abilities to achieve announce the receipt of the new KPMG
Information Systems and Decision
critical thinking skills and to work in teams. Sciences (ISDS). Professorship.
Mr. Hoffman and Mr. Hatton have taken the Over 200 graduate students in the MS The partners’ and the firm’s gift allows the
lead in designing and implementing the new Accounting and MS Tax programs.
format. They’ve spent much time in the Department to continue to recognize our out-
summer and during the year to assure the Our goal is to be recognized as the leading standing faculty each year through the Faculty
courses have the technical requirements as accounting program in Southern California Professorship award program. The Spring
well as the content for the lectures and and have national acclaim as well. To this 2012 recipient is Dr. Jianxin “James” Gong
cases. The Accounting Information classes end, we have just completed a very rigorous for his outstanding research and teaching.
are trying a module approach to teaching the Strategic Planning program with accounting
many components of the class. Dr. Gerry faculty, representatives of the two student By providing this resource, KPMG is instru-
Grant and Dr. Wei Jiang are team teaching organizations, the Accounting Advisory Board mental in helping us attract and retain the
five sections of this course. Students have and Department staff participating in a three- most qualified faculty. In turn, students gain
had very positive reactions to this split in- day planning process with intervening com- access to the best professors and can become
struction. The benefits of the extra effort mittee meetings. We will assure that our stu- the highly successful professionals that
and dedication of these instructors are giv- dents are ready to meet the challenges of the KPMG and all firms need to recruit and hire.
ing students a competitive edge in the job changing accounting profession and will be-
market. come leaders in the Orange County area as
well as all Southern California, the State,
2 Mihaylo - Department of Accounting Spring 2012
Inside this issue
Accounting 201A/201B Department News
Faculty Notes & Awards
New Pilot Program
Alumnus Award 6
enrich and broaden the learning ex- Publications 8
perience to mirror real world busi- Teaching Exchange Program 9
ness trends, we have incorporated Student Events 10 & 11
newly available technologies in the
classroom. Introduced in the Fall
Clubs & Community Outreach 12
2011 semester, the pilot program
Community Support 13
incorporates three elements:
Advisory Board 14
1. Numerous interactive activities Graduate Programs 15
delivered through an online learn-
ing management system. This as- ture covering key points of the sub-
pect includes videos, self- ject matter through the use of short
assessments, homework that is both demonstration problems.
Lecturer & co-administrator of the graded online and integrated into an
e-version of the textbook, and port- This format allows the Department
New Pilot Program in 201 A/B
able content for use on an iPod or to provide more opportunities for
o further our mission of similar device. face-to-face instruction than the tra-
offering exceptional ac- ditional format by including an ac-
counting educational 2. Weekly lab sessions where counting tutoring center. The center
programs, the Depart- small groups of students meet to is open five days a week and is
ment introduced a new format for address real world problems pre- staffed by graduate accounting stu-
both lower division core courses: sented via case studies. This aspect dents.
ACCT 201A (Financial Account- requires written solutions supported
During the Spring 2012 semester,
ing) and ACCT 201B (Managerial by analysis of the current study
topic, and replaces one of the the new format has expanded from
Accounting.) 250 to 500 students for each of the
The traditional format is fourfold: core courses. Our students will ex-
For example, to practice activity- perience greater flexibility, enjoy
1. Two in-class 75 minute lec- based costing, students might utilize numerous interactive learning aids,
tures per week. a case related to an insurance com- and get a taste of the real world.
2. A hardcover textbook as the pany. The selection of cost objects
and drivers results in information
that demonstrates how these selec-
3. In-class assessments via quiz- tions can dramatically affect costs
zes and exams. assigned to both product lines and
business units. To complete the as-
4. Manually graded homework. signment, the student group must
This method has produced excel- develop an effective costing method
lent results; however, it does not on their own — and justify it in a
bring all potential learning tools report based upon their analysis.
to bear. As our primary goal is to 3. Attend one weekly in-class lec-
Mihaylo - Department of Accounting Spring 2012 3
ACCT 307 Accounting Information Systems
In Fall 2011 the Department implemented a team teaching approach in ACCT 307 - Accounting
Information Systems (AIS). The Accounting Department is excited about its prospects.
The Team Teaching model generates benefits that:
1. Provide both a standard curriculum and syllabus in AIS for all accounting
students and faculty.
2. Allow faculty to focus on teaching the area of specialized knowledge
they possess within AIS.
3. Reduce the number of computer programs discussed in order to delve
deeply into specific concepts.
Dr. Gerry Grant
4. Increase faculty collegiality as professors work together to teach sections AIS Team Teacher
5. Streamline assessment for accreditation in all major areas of AIS, including hands-on project imple-
mentation of AIS concepts.
6. Standardize the number of students taught by each faculty member.
7. Encourage the AIS team to work together, sharing assignments, knowledge, and teaching styles to
improve the overall quality of instruction.
8. Bring innovative teaching techniques to a traditional program.
9. Provide a model for other courses in accounting.
10. Enhance The Department of Accounting’s reputation as we institute cutting-edge methodologies.
“The purpose of Team Teaching is to leverage faculty’s
expertise to deliver high quality instruction.
Judging by students’ grades, we have taken a step in the
—Dr. Wei Jiang
Dr. Wei Jiang
AIS Team Teacher
4 Mihaylo - Department of Accounting Spring 2012
The 10th Annual SEC Financial Reporting Conference
was a tremendous success! Facilitated by CSUF’s own Dr. Vivek Mande, the conference hosted speakers from
auditing firms, the SEC, FASB, and the PCAOB. Topics included convergence with IFRS, emerging tax
issues, fraud, mergers and acquisitions, potential changes to the lessee/lessor model, foreign income taxes,
and revenue recognition.
Speaker Spotlights The 10th Annual SEC Financial Reporting Conference
Jay Hanson Ken Harvey Amy Hawkes Joseph Ucuzoglu
Jay Hanson was ap- Ken Harvey is an inter- Amy Hawkes is a part- Joseph Ucuzoglu is cur-
pointed by the Securi- national tax partner in ner in Ernst & Young’s rently a partner in the
ties and Exchange KPMG’s West Coast Fraud Investigation & National Office – Ac-
Commission to be a practice. He possesses Dispute Services. She counting Consultation
member of the Public more than 20 years of focuses on forensic ac- Group of Deloitte &
Company Accounting international tax advi- counting, financial Touche, LLP. He con-
Oversight Board in sory experience. Focus- fraud, accounting mal- sults with engagement
January, 2011. He has ing on high technology practice, and litigation teams on accounting
worked at McGladrey financial services and support matters. With and SEC reporting mat-
& Pullen for over 30 consumer products, he more than 18 years of ters. His expertise spans
years, served as a mem- is a frequent speaker on experience, she is highly stock-based compensa-
ber of the Emerging Is- U.S. and international skilled within complex tion, revenue recogni-
sues Task Force of the tax-related topics accounting, auditing, tion, consolidations,
Financial Accounting across the Pacific re- financial reporting, and business combinations,
Standards Board, and gion. Ken is a Certified SEC matters. Amy spent and income taxes. He
sits on the Financial Public Accountant and several years with the has spoken to numerous
Reporting Executive a member of the U.S. SEC’s division of audiences on a variety
Committee of the AICPA, the California enforcement leading in- of accounting and finan-
American Institute of Society of CPA’s, and vestigations related to cial reporting topics. He
Certified Public Ac- the International Fiscal financial fraud and in- attended USC and is a
countants. Association. sider trading. member of AICPA.
Mihaylo - Department of Accounting Spring 2012 5
We are excited! Four new faculty joined CSUF Fall 2011!
Dr. Sumantra Dr. Jianxin
Dr. Sumantra “Chakra” Dr. Jianxin “James” Gong
C ha kra va rt y j oi ne d joined CSUF as an Associate
CSUF as an Associate Professor of Accounting. Dr.
Professor of Accounting. Holding two PhDs — Gong is dedicated to academic and professional
one in Physics from the University of Minne- success and gives his time generously to meet stu-
sota and one in Accounting from Purdue Uni- dents’ needs. At the University of Illinois, Dr.
versity — Dr. Chakravarty is an exceptional Gong focused on conceptual accounting issues
addition to our faculty. He was recognized by and was recognized twice as a “Teacher of Excel-
Purdue University for his exemplary success in lence.” He received his PhD from the University
teaching Introductory Financial Accounting and of Southern California. He is an outstanding addi-
his skills in research. He is enthusiastic about tion to our faculty. Enthusiastic about teaching, he
empowering our students to achieve both aca- also shares the Department’s goal of advancing
demic and professional success. student professional success.
Mr. Dr. I-Ling
Mr. Walied Keshk joined Dr. I-Ling “Sophia” Wang
CSUF as a Lecturer of joined CSUF as an Assistant
Accounting. Currently in Professor of Accounting
the doctoral program at the University of Illi- immediately after earning her PhD from the Uni-
nois, he has completed its Graduate Teacher versity of Illinois Urbana-Champaign in 2011.
Certificate program and earned remarkable Her combination of extensive research, effective
teaching ratings. He is committed to staying communication skills, and impressive collegiality
abreast of current research in order to conduct are a perfect fit for the Department of Account-
his own. Mr. Keshk is a valued colleague who ing. Her interpersonal skills are impressive; Dr.
interacts decidedly well with faculty and stu- Wang interacts equally well with students, profes-
dents. The professionalism Mr. Keshk brings to sionals, and academics. Dr. Wang is an unparal-
the classroom is a model for our students. leled example of professionalism for our students.
The Department of Accounting welcomes you aboard!
6 Mihaylo - Department of Accounting Spring 2012
Alumnus Award and Faculty Notes
Department of Accounting Outstanding Alumnus 2011
We are pleased to announce Barry Gershenovitz as CSUF’s 2011 outstanding Alumnus!
Barry is a leader in developing and implementing strategic tax services for emerging
growth companies. As a tax partner for Ernst & Young, LLP, he carries significant
responsibility as the tax principal for West Sub-area growth markets.
For more than 25 years, Barry has concentrated on tax compliance and tax planning
in industries such as manufacturing, distribution, health sciences, technology and
communications. Barry also has extensive experience with private companies in the
area of accounting for income taxes.
Barry received his Bachelor’s degree in Accounting from Cal State Fullerton, and
earned his Master’s degree in Taxation at Golden Gate University.
As our alumnus, Barry has given back to the University by serving as an adjunct Professor at CSUF. Barry
has taught ACCT 572 — Seminar in Taxation of Corporations and Shareholders. Barry is a member of
CSUF’s Department of Accounting Advisory Board. He has given back directly to students by presenting
at the Accounting Society’s and Beta Alpha Psi’s speaker meetings and as Professor for a Day.
Barry has been a generous donor to CSUF, supporting key priorities such as scholarships, research, and the
professional development of our students. We are proud to count Barry as a CSUF alum!
Dr. Stephen Wheeler, Visiting Distinguished Professor, is currently tenured at the
University of the Pacific. Dr. Wheeler is teaching at Cal State Fullerton this Spring. We
are proud to add Dr. Wheeler to our faculty.
His academic record is impressive. At Cal State Sacramento, Dr. Wheeler earned Bache-
lor’s of Mathematics and a Master’s in Accounting. He earned his Doctorate in Account-
ing at Arizona State University. Dr. Wheeler has published more than 20 scholarly
research articles and made more than 30 academic presentations. His professional career
is equally notable, including working at Ernst & Young; as a Partner at his own firm,
Nicholson, Watson & Wheeler, CPAs; and teaching at numerous universities.
His presence on campus and in the classroom provides students a model of professional success.
Mihaylo - Department of Accounting Spring 2012 7
Dr. Mahmood Hassan
Dr. Vivek Mande Accounting
White & Nelson 2011 Service Award
Dr. Gerry Grant Accounting
Ernst & Young, LLP Professor Award
Faculty Fellowship Award
Jon Smith, CPA
Ernst & Young, LLP
Dr. Myungsoo Son
Dr. Fatima Alali Ernst & Young, LLP
Moss Adams, LLP Faculty Fellowship Award
Dr. Andrew Luzi Faculty Research Award Presented by:
Ernst & Young, LLP Jon Smith, CPA
Excellence in Teaching Award Ernst & Young, LLP
Corinne Baughman, CPA
Presented by: Moss Adams, LLP
Jon Smith, CPA
Ernst & Young, LLP
8 Mihaylo - Department of Accounting Spring 2012
“Audit Fees and Discretionary Accruals: Compensation Structure Effect,”
Managerial Audit Journal vol. 26, Issue No. 2, 90-113, 2011.
“Earnings Versus Capital Ratios Management: Role of Bank Types and SFAS 114,”
Journal of Review & Quantitative Finance & Accounting vol. 36, Issue No.1, 105-132.
“International Financial Reporting Standards: Credible and Reliable? An Overview,”
James J. Gong
“CEO Incentives and Earnings Prediction,”
has been accepted for publication in Review of Quantitative Finance and Accounting.
“Creating XBRL Instance Documents with Rivet's Dragon Tag Software,”
Accounting Educators Journal vol. XX, Issue 2010, 135-156.
“The Strategy Audit,”
Internal Auditor vol. LXVIII:VI, 37-40.
“Internal Controls and Fraud Prevention,”
Internal Auditing vol. 26, Issue No. 2, 3-12.
“Internal Auditing Education Partnership (IAEP): An Essential Response to IA's Role in Corporate Governance,”
Journal of Internal Audit vol. 26, Issue No. 4, 17-24.
“Creating XBRL Instance Documents with Rivet's Dragon Tag Software,”
Accounting Educators Journals vol. XX, Issue No. 2010, 135-156.
“A Survey of Students’ Attitude and Perceptions of an Internal Audit Career,”
Journal of Internal Audit vol. 25, Issue No. 5, 28-35.
“Cross-listing and Earnings Management Surrounding SOX,”
Journal of Global Business & Finance Review vol. 15, Issue No. 2, 90-107.
“The Impact of Financial Restatements on Audit Fees: Consideration of Restatement Severity,”
International Review of Accounting, Banking & Finance vol. 2, Issue No. 4, 1-22.
“A Study of Audit Delays as a Determinant of Audit Fees in the Post-SOX Period,”
Yonsei Business Review vol. 47, Issue No. 1, 1-20.
“Corporate Governance Characteristics of Firms with Option Backdating,”
Quarterly Journal of Finance & Accounting vol. 49, 41-62.
“California NOLs: Confusing and Complex, but Coming Back in 2012,”
State Tax Notes.
“Designing Your Own Tax Formula: The Single-Sales-Factor Election,”
State Tax Notes.
Mihaylo - Department of Accounting Spring 2012 9
Teaching Exchange Program: Vietnam
his past summer, two of our faculty members—Dr. Chavis and Mr. Ku-
ritzky—were fortunate to participate in the teaching exchange program in
Vietnam. The Foreign Trade University (FTU) hosted the program; it is
located in Vietnam’s capital, Hanoi. FTU is the country’s premier univer-
sity and accepts only the top ten percent of students nationally. The CSUF exchange
program requires further examination for admission. The students are young, many
just out of military service, and are bright and eager to learn.
Our faculty stayed in the historic old city within walking distance of a lake and nu-
merous restaurants serving local and international cuisines. Classes were held Mon-
day through Thursday, providing ample time for Chavis and Kuritzky to explore the
Dr. Robert Mead (Econ. Dept.) country. Highlights included a train ride to northwest China for scenic hiking through
and Mr. Neil Kuritzky (Acct.
Dept.) at the Hanoi Waterfront
the valleys and exploring Ha Long Bay, which is a UNESCO World Heritage Site.
The accounting systems used in Vietnam are similar to those of Europe. They follow the International Finan-
cial Reporting System (IFRS) now used by 106 countries (not including the U.S.). Because the Vietnamese
economy centers on international trade, their financial accounting curriculum includes heavy coverage of com-
mercial activities such as invoicing, credit terms, and letters of credit. Other local universities generally divide
accounting among three classes where we (and the FTU program) divide it among only two: financial and
managerial. Both faculty members thoroughly enjoyed their experience in Vietnam.
Dr. Chavis with Vietnamese university students The Foreign Trade University, Trường Đại học Ngoại Thương
Mr. Myung Jun “Frank” Oh is the Accounting Depart-
ment’s research and visiting scholar. In addition to earning a
Bachelor’s of Law and Master’s in Tax Administration from
Kunkuk University, in Seoul, Korea, he has worked in several
tax offices. Most recently he was employed with the International Taxation
Bureau of National Tax Service. Mr. Oh is very excited to be a part of the CSUF
Department of Accounting.
10 Mihaylo - Department of Accounting Spring 2012
Commencement Exercises, Spring 2011
housands of students joined in commencement ceremonies, cheered on by families and friends.
Among them were the future of the Accounting profession. Ranging from the Undergraduate,
MSA, MST and MBA with Accounting concentration programs, 670 Accounting students enjoyed
the commencement ceremony. Keynote speakers included Tommy Lasorda, former Dodgers man-
ager, and Regina E. Dugan, director of the Defense Advanced Research Project Agency.
Dean’s Honor List, Spring 2011
A reception was held on Wednesday, October 12, 2011 to recognize students on the Dean’s Honor List for
Spring 2011. The honorees, who, in the words of Dean Puri, “represent the caliber of student that the Mihaylo
College is proud to call its own,” included 129 students with declared accounting majors.
Eun Young Kim, Accounting Major with Dean Anil Puri Gracia Manopo, Accounting Major with Dean Anil Puri
Mihaylo - Department of Accounting Spring 2012 11
Meet the Firms
Save the Date!
The 11th Annual
Both students and accounting professionals gathered to mingle at Fall 2011 Meet the Firms
When: Friday, Sept. 21, 2012
The Fall 2011 Meet the Firms Event Was a Great Success
Where: Hyatt Regency, Irvine
CSUF Accounting Society and Beta Alpha Psi proudly presented
the largest networking opportunity of the semester for students Register at:
and professionals in the accounting community. On Thursday, http://business.fullerton.edu/centers/ccrg
September 29, 2011, at the Hilton Hotel in Costa Mesa, thirty-nine before
firms and 350 students met and mingled at this very popular event. July 13, 2012
to receive a reduced rate.
BAP Speaker Meetings
Golf Tournament -
L to R : Charles Chang, Nihar Barbahyat, Mariam Pessiam, Owen Long
Presenter: Holger Erchinger, KPMG, Audit Partner (in New York)
Beta Alpha Psi’s weekly meetings host guest speakers from pub- The Fall 2011 Golf Tournament, hosted
by Beta Alpha Psi, teed off on the morn-
lic accounting firms, government institutions, and private compa-
ing of October 14th, 2011. More than 25
nies. Presenters cover a wide variety of topics including advice students and staff from various account-
for students going through the recruiting process and audit and ing firms brought their clubs and had a
tax career opportunities within their firms. These events provide good time. Thanks to all the volunteers
students with excellent professional networking opportunities. who made this event possible!
12 Mihaylo - Department of Accounting Spring 2012
Clubs and Community Outreach
Beta Alpha Psi Outreach
The Delta Beta Chapter of Beta Alpha Psi (BAP)
strives to connect scholarly success with profession-
alism, ethics, and positive community relations.
They again earned Superior Status in 2012.
With more than 60 active members in the Fall 2011
semester, BAP reached out to the community in mul-
tiple ways. One highly successful endeavor was to
participate in beach clean-up efforts in several com-
munities in Long Beach. BAP’s contributions have
helped make our beaches safer and more sanitary.
L to R—Preeti Tilive, Briana Than, and Amy Liu Email email@example.com for more information.
Accounting Society Reorganizes Group
Cal State Fullerton’s Accounting Society (AS) now
includes special interest organizations. The goal is to
offer a comprehensive collection of Accounting spe-
cialties and provide students access to professionals
engaged in specialty Accounting activities.
New groups within AS include the Association of Cer-
tified Fraud Examiners, Institute of Internal Auditors,
Institute for Management Accountants, Information
Systems Audit and Control Association, and Associa-
tion of Latino Professionals in Finance and Account-
ing. Each group holds a monthly speaker meeting.
L to R— Christina Mouratidou, Cinthia Santamaria, and Marjorie Blanco
Contact AS at firstname.lastname@example.org to get involved.
Volunteer Income Tax Assistance (VITA)
On Thursday, October 27, 2011 the
VITA program hosted the first orien-
tation for the Spring 2012 income tax
season. Guest presenters from the In-
ternal Revenue Service and California
Franchise Tax Board provided an
overview of changes in tax laws and
requirements for volunteers.
More in-depth training sessions were
held throughout the Spring 2012
Mihaylo - Department of Accounting Spring 2012 13
We Need Your Help!
Dear CSUF Alumni,
Thank you for all the support you have given to The Department of Accounting. Your generosity
enables us both to continue to offer scholarships to our students, to provide resources to honor our
students and faculty, and to continue to offer a cutting edge curriculum. I want to share with you
our current funding priorities within The Department of Accounting’s mission:
Scholarships Research Professional Development
School of Accounting Faculty Fellowships
Please consider donating today to sustain Orange County’s leading accounting educational program.
Your contribution will immediately support The Department of Accounting’s key priorities.
For your convenience, we can provide you three methods to make your donation.
Give Online at http://business.fullerton.edu/supportaccounting with a credit or debit card.
Write a Check made payable to “CSF Philanthropic Foundation,” and mail to:
Department of Accounting
Steven G. Mihaylo Hall
P.O. Box 6848
Fullerton, CA 92834-6848
Contact by phone or email Betty Chavis at 657-278-2225 or email@example.com.
Only through your support are we able to continue offering a full range of Professional Development,
Alumni Support Activities, and Scholarships to our students.
Thank you for your generosity!
Your support makes the difference!
14 Mihaylo - Department of Accounting Spring 2012
Department of Accounting
Sally Anderson, CPA Mark Krikorian, CPA
Business and Financial Consulting Vice President & Controller
Western Financial Center
Corinne Baughman, CPA
Partner, Moss Adams, LLP
Vivek Mande, Director
Center for Corporate
Betty Chavis, Chair Reporting & Governance
Department of Accounting
Jonathan Fergione Dept. Coordinator
Graduate Student – MS Taxation Department of Accounting
Wayne R. Pinnell, CPA
Barry Gershenovitz, CPA Managing Partner
Partner, Ernst & Young, LLP Haskell & White LLP
Kenneth W. Guchereau, CPA Verne Wagner
President Guchereau Company CSUF Alum
Victor K. Hausmaninger, CPA Neal West, CPA, CMA
V.P. and Chief Accounting Officer
HBLA Certified Public Accountants, Inc.
Gaurav Kapoor, CPA Gary E. Wilson, CPA
Senior Manager Partner, PricewaterhouseCoopers,
Ernst & Young, LLP
Mihaylo - Department of Accounting Spring 2012 15
16 Mi ha yl o - Department of Accounting Spring 2012
Department of Accounting
Mihaylo College of Business and Economics
800 N. State College Blvd.
Fullerton, CA 92831
Mi h a y l o C ol l e ge of B u s i n e s s a n d E c on omi c s Cal State Fullerton
By o ering high quality accounting educational programs relevant to a diverse group of undergraduate and
graduate students, the Department of Accounting recognizes its role in society by assisting students as they
prepare for successful careers in the accounting profession. The Department of Accounting strives to advance
accounting education and knowledge through basic, applied, and pedagogical research and other scholarly
activities and to promote valuable associations with business and professional communities.
Accreditation signi es a rigorous course of study, a well-quali ed faculty, high standards for students, access to
current technology, and an extensive library system. The Department of Accounting at California State University,
Fullerton is a separately accredited entity within the Mihaylo College of Business and Economics, which is among
only 10 percent of business schools worldwide and 28 percent of those nationwide to have earned AACSB accreditation.